$JCT Short-term drop exceeds 7%! 🔥 Reason analysis👇
1️⃣ Market drag: $BTC correction leads to widespread decline in altcoins, market sentiment turns cautious, and low market cap tokens like $JCT have insufficient liquidity, making them prone to amplified volatility. 😰
2️⃣ Profit-taking: Previous continuous small bullish candles accumulated short-term profits, and after a medium bullish candle appeared on K-line 4, some funds chose to exit, triggering selling pressure. 📉
3️⃣ Technical breakdown: The current price has fallen below the recent consolidation range, showing low volatility bearish trend on the 15-minute level, with weak buying power and no significant volume increase, belonging to a bearish trend mode.
Short-term strategy 🚀
- Bearish outlook: If the price cannot quickly recover to 0.00210 USDT and hold, consider light shorting, target around 0.00195, stop loss at 0.00215.
- Rebound speculation: If a bullish candle with significant volume (body ratio > 60%) appears near 0.0020, a short-term rebound can be speculated, quick in and out, target 0.00212.
⚠️ Note: The current market is in a low volatility state, overall direction is unclear, it is recommended to mainly observe or operate with extremely light positions, and set stop losses strictly!
#JCT